Stocks headed for secular bull market?

Oppenheimer’s Brian Belski is sticking to a 1,400 price target for the S&P 500
/quotes/zigman/3870025SPX this year, on earnings of $101.

Part of the reason is that “relative stability of US fundamentals and economic conditions will provide an attractive alternative compared to other more volatile assets around the world.”

While acknowledging that the path will not be smooth, and that “stocks are mired within a transitional market phase,” Belski and Co. are optimistic that “we are much closer to secular bull market in stocks relative to a secular bear market.”

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